24 Hrs Crypto Update, Mar 6: Crypto Market Holds Steady
- Cryptocurrency prices were mixed on Monday as a group of U.S. senators announced an inquiry into the leading crypto exchange Binance for a variety of suspected unlawful activities, including money laundering and evading U.S. regulations.
- The prices of BTC,ETH, and DOGE showed little gains in the last 24 hours.
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | 22484 | 0.45% |
| ETHEREUM | 1574 | 0.81% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | 1.08 T | 0.70% |
| TRADING VOLUME | 45.55 B | 4.50% |
| Indices | LTP | Change (%) |
|---|---|---|
| AIDOS KUNEEN | $0.21 | 1492.02% |
| HALODAO | $0.000000096 | 78.97% |
| PARA | $0.00013 | 72.54% |
| YFDAI.FINANCE | $350.18 | 70.57% |
| STRONG | $13.23 | 55.26% |
Top 5 Loser
| Indices | LTP | Change (%) |
|---|---|---|
| ZOMBIE INU(OLD) | $0.000000000024 | 85.32% |
| KICK | $0.0059 | 26.42% |
| WEWAY | $0.0068 | 30.92% |
| TRACER DAO | $0.019 | 29.30% |
| BABYLON FINANCE | $0.025 | 26.30% |
After tumbling on Friday, cryptocurrency prices were mixed
on Monday as a group of U.S. senators announced an investigation into the leading crypto exchange Binance for a series of suspected unlawful activities, including money laundering and evading U.S. regulations.
Major Events Around the World
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Binance, a major cryptocurrency exchange, is facing increased regulatory scrutiny from authorities around the world. This has led to fears among investors about the safety and stability of Binance's USD stablecoin, which is pegged to the value of the US dollar.
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The Secret Service has accused a Bitcoin ATM company of running unlicensed kiosks and being involved in crypto scams. The company allegedly operated Bitcoin ATMs that allowed customers to exchange cash for Bitcoin without proper licensing.
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CeFi (Centralized Finance) platforms experienced major collapses, leading to a loss of trust among investors. Investors are shifting their funding from CeFi to DeFi (Decentralized Finance) platforms, which operate on a decentralized blockchain network and offer increased transparency and security.
COINGABBAR Views: On Monday, the cryptocurrency market experienced a mixed trading session as investors aimed to sustain the gains driven by last week's volatility. However, they also considered the potential impact of upcoming economic news. Currently, all attention is focused on Powell, who is scheduled to testify before the Senate Banking Committee on Tuesday morning and the House Financial Services panel on Wednesday. Stay tuned with us for more updates at www.coingabbar.com
Also read: Elon Musk's Shift from Crypto to AI: What Does it Mean for Elon's Love for Crypto?
